Cost-saving measure a positive move towards reviving economy: Academicians

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Experts said that ministries government agencies need to re-evaluate their budget planning by taking into account the economic crisis expected to occur next year. theSun theSundaily government ministry budget expenses economy Crisis Malaysia

: Academicians have described Prime Minister Datuk Seri Anwar Ibrahim’s call for Cabinet ministers not to waste government money on unnecessary expenses as a positive move to begin his premiership.

The expert in public administration and observer of current issues said that every ministry and government agency also needs to re-evaluate their expenditure planning, especially their budget for 2023, by taking into account the economic crisis expected to occur next year. Meanwhile, lecturer in the Department of History, Faculty of Human Sciences, Universiti Pendidikan Sultan Idris, Prof Dr Ishak Saat said the cost-saving measure was timely in preparation to face the global economic slowdown in 2023.

Sharing the same sentiment was senior political lecturer from Universiti Malaya, Dr Mohammad Tawfik Yaakub, who opined that the cost-cutting measure was justified in the effort to reduce the government’s financial burden and channelling the fund to other essential needs.

 

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